Book close of Miteri & Excel Development bank for AGM
February 17, 2019 | Investopaper
Miteri Development Bank
Miteri Development Bank is going to organize its 13th Annual general meeting(AGM) on Chaitra 9, 2075. The 179th board of directors meeting was held on Falgun 3, 2075 to decide the date for the upcoming AGM. The annual general meeting will endorse a 17% bonus shares worth Rs. 8.50 crores to shareholders from the profit of fiscal year 2074/75. Also, the development bank will distribute a cash dividend worth Rs. 44.74 Lakh for tax purpose. For the purpose of AGM, book close date is set at Falgun 14.
The company has paid up capital of Rs. 50 crores, reserve, and surplus of Rs. 24.49 crores, net profit of 4.38 crores and EPS of 17.52 based on the unaudited 2nd quarter of F.Y. 2075-76. The net-worth per share stands at Rs. 148.98. Likewise, the deposits and loans until the second quarter are Rs. 4.01 and 3.49 Arab respectively.
Excel Development Bank
Excel Development Bank has also informed Nepal stock exchange about the book closure for its upcoming AGM. The development bank will conduct its 13th Annual general meeting(AGM) on Chaitra 11, 2075. The 217th board of directors meeting held on Falgun 4, 2075 has decided to conduct the meeting on Hotel Holiday Home, Jhapa. The annual general meeting is going to endorse 17% cash dividend to the shareholders from the profit of fiscal year 2074/75. The company is also taking the agenda of issuing 55% right shares to the upcoming AGM. The book closure for the AGM is on Falgun 26.
Excel Development Bank has paid up capital of Rs. 69.27 crores, reserve, and surplus of Rs. 34.58 crores, net profit of 8.25 crores and EPS of 23.83 based on the unaudited second quarter of F.Y. 2075-76. The development bank has deposit collection & loans of Rs. 6.12 Arab and Rs. 5.40 Arab respectively. The net-worth per share is Rs. 149.12.
Financial Performance of Miteri & Excel Development Bank till the second quarter of F.Y. 2075/76:
| Headings | Excel | Miteri |
| Paid up capital (Rs. ‘crores’) | 69.27 | 50 |
| Reserve & Surplus (Rs. ‘crores’) | 34.58 | 24.49 |
| Deposits (Rs. ‘Arab’) | 6.12 | 4.01 |
| Loans (Rs. ‘Arab’) | 5.4 | 3.49 |
| Net Interest Income (Rs. ‘Crores’) | 18.72 | 9.41 |
| Net Profit (Rs. ‘Crores) | 8.25 | 4.38 |
| Non Performing Loans, NPL (%) | 0.88 | 0.43 |
| Base Rate(%) | 10 | 12.34 |
| Earnings Per Share, EPS (Rs.) | 23.83 | 17.52 |
| Networth Per Share (Rs.) | 149.92 | 148.98 |
